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Finance (No. 3) Bill

Part of the debate – in the House of Commons at 8:45 pm on 12th November 2018.

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Photo of Kevin Hollinrake Kevin Hollinrake Conservative, Thirsk and Malton 8:45 pm, 12th November 2018

My hon. Friend is right. Capitalism depends on a fair and level playing field, and that is not where we are at the moment. As well as the expansion of the Financial Ombudsman Service, which we fully support, our all-party group proposes the introduction of a financial services tribunal that works in pretty much the same way as an employment tribunal. A company could take a bank to court without standing the costs of that bank, with full powers of disclosure, and justice could be seen to be done, which is critical.